Stocks swung between gains and losses Tuesday as Federal Reserve Chairman Jerome Powell testified before the Senate Finance Committee, reiterating that the central bank stands ready to support the world’s largest economy if needed. Source: Provided by Finviz The S&P 500 lost 1.05%. The Dow Jones Industrial Average dropped 1.59% The Nasdaq Composite slipped 0.54% We
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Equities surged at the open and trended higher for most of the day. Let’s look at a few top stock trades after the powerful move. Top Stock Trades for Tomorrow No. 1: Microsoft As one of the largest companies in the stock market, Microsoft (NASDAQ:MSFT) is an important bellwether name to keep an eye on.
Stocks soared to start the week after Moderna (NASDAQ:MRNA) said its vaccine to treat the novel coronavirus showed promise in boosting the immune system to ward off the deadly respiratory illness. Source: Provided by Finviz The S&P 500 soared 3.15%. The Dow Jones Industrial Average added 3.85% The Nasdaq Composite climbed 2.44% Underscoring just how strong
It was an ugly session for the bulls in the stock market today. The S&P 500 shed 1.75%, after falling 2% on Tuesday thanks to a late-session decline. After a bottom-to-top rally of roughly 35%, investors have to be open-minded about a pullback. In fact, under the right circumstances, a pullback can even be healthy.
Equities began with a plunge in the stock market today. However, buyers stepped in on Thursday, bidding up the losses and pushing stocks higher on the day. The S&P 500 ended higher by 1.15% as a result. The initial move lower was not helped by the latest report from the labor market. The weekly jobless
The S&P 500 gapped down on Friday, as trade tensions flared between the U.S. and China. However, it wasn’t a disastrous session in the stock market today. The index bottomed in the first 15 minutes of trading and climbed slowly in the afternoon. Ultimately, the S&P 500 ended higher by 0.39% on the day, although
After starting off lower on the day, equities made a nice push into the green on Friday. With that in mind, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: General Electric (GE) General Electric (NYSE:GE) looks bad, doesn’t it? I mean, this says all you
Stocks rallied to close the week, again showing resilience in the face of troubling economic data. An extension of the oil rebound and more positive reopening also provided some ballast to equities. Source: Provided by Finviz The S&P 500 climbed 0.39%. The Dow Jones Industrial Average advanced 0.25% The Nasdaq Composite gained 0.79% After being one
It’s Thursday again, which means another round of increasingly bleak initial jobless claims, but that wasn’t enough to send the broader equity benchmarks to large losses on the day. Source: Provided by Finviz The S&P 500 rose 1.15%. The Dow Jones Industrial Average added 1.60% The Nasdaq Composite gained 0.91% A day after being the Dow’s
Equities opened for trading under significant pressure on Thursday, but bulls bid the market back up. Here’s a look at a few top stock trades to watch for Friday. Top Stock Trades for Tomorrow No. 1: JPMorgan (JPM) The banks have been getting killed, but they made a nice bounce on Thursday. JPMorgan (NYSE:JPM) was
After a sudden late-session selloff on Tuesday, more selling pressure hit stocks on Wednesday. With that in mind, let’s look at a few top stock trades — starting with the overall market. Top Stock Trades for Tomorrow No 1: S&P 500 ETF (SPY) The SPDR S&P 500 ETF (NYSEARCA:SPY) has quickly put investors back on
Stocks swooned on Wednesday after Federal Reserve Chairman Jerome Powell said the novel coronavirus has created lingering uncertainty for the U.S. economy while scoffing at the notion that negative interest rates could help the world’s largest economy regain its footing. Source: Provided by FInviz The S&P 500 slid 1.75%. The Dow Jones Industrial Average tumbled
One of the top stories of the day on Tuesday was a real shocker for the aviation industry. Reportedly Dave Calhoun, the CEO of Boeing (NYSE:BA), opined that it is “likely” that one of the major U.S. carriers will go out of business in 2020. Source: Shutterstock That’s a dire prediction, and it’s coming from
Stocks declined Tuesday after Dr. Anthony Fauci told senators the U.S. shouldn’t rush to reopen the economy, as that could risk unleashing a second wave of the novel coronavirus outbreak. Source: Provided by Finviz The S&P 500 lost 2.05%. The Dow Jones Industrial Average retreated 1.89% The Nasdaq Composite fell 2.06% With financial services names under
There’s a discernible trend lately in which the entire stock market has been carried by a handful of tech stocks. This trend was on full display on Monday as a number of technology names kept the stock market from falling hard. Today’s big stock charts feature such tech names. Source: Shutterstock Whether one sector of
Stocks started off lower on the day, but turned positive and continued higher on Monday as bulls keep pushing up equity prices. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) When I said Nvidia (NASDAQ:NVDA) was a steal at $200,
The stock market can be a real mystery sometimes. Friday’s price action was a perfect example of this as overall market sentiment was bullish despite the dismal jobs data. Source: Shutterstock Mostly because of the economic damage caused by the spread of the novel coronavirus, April of 2020 will be remembered as America’s fastest monthly
Equities tried to push higher on Wednesday, with bulls hoping to erase the late-session selloff on Tuesday. However, it was a tricky session in the stock market today. The S&P 500 ended down 0.7%. The index first opened higher on the day, reversed and took out Tuesday’s low. It closed near session lows. The back
The weekly jobless claims report showed that another 3.2 million Americans filed for unemployment this week. Despite that figure, bulls saw another rally in the stock market today. At one point, the S&P 500 rallied almost 2% on the day, before backing off the highs. That’s likely as investors reduce exposure ahead of the monthly
Despite another disappointing jobless claims report, stocks found a way to rally on Thursday. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Square (SQ) At first, Square (NYSE:SQ) dipped on earnings. However, bulls have reversed their fortunes, with shares ending the day on